Restaurant/cafe for sale in Putney, London SW15

£25,000
Restaurant/cafe for sale
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Property features

  • Open to OFfersModern brownie and coffee shop located within a shopping centre
  • Advised weekly takings c. £1,500 and increasing
  • Sought after South West London location
  • Ideal for hands on owner to maximize profits

Property description

Reference - 47214

Description
Brownie Box Putney is located within the Putney Exchange Shopping Centre in Putney, which is on the main high street and is surrounded by other independent retailers and national chains.

The area in general is busy throughout the day with lots of passing footfall, although the vast majority of the income generated each week comes from regular and growing custom throughout the day from those using the shopping centre.

The business was originally established by our client, with the doors being opened in 2017 as part of their expansion plans and provides what is now a destination coffee and brownie shop with 9 internal covers.

The business occupies an excellent trading position within the entrance to the shopping centre with good signage and has been fitted to a high standard which includes good quality fixtures and fittings.

We have been advised that the current owner with accept a lower price for the business if the new owner takes on the repayment plan for the kitchen equipment which is currently being financed.

In our opinion the business could easily increase the income and profits by opening earlier in the morning by offering a breakfast menu to cater for the many workers within the local area and shopping centre.

Sales
We have been advised that the average takings are in the region of £1,500 per week and increasing.

Accounts
Current management figures can be requested.

Trading Hours
Monday - Saturday 10:00 to 18:00
Sunday 11:00 to 17:00

We have been advised that the shopping centre does open for longer hours than the business.

Staff
The business is run on a day to day basis by part time staff, along with daily input from the owner with regards to stock and admin.

Building External
The business occupies a superb position close to the entrance to the shopping centre with excellent signage, making it a highly visible outlet for those both already within the centre or those entering from the street.

Building Internal
The business provides a welcoming feel when entering and has been tastefully decorated throughout by the current owners which therefore provides a pleasant seating area for those wishing to eat in.

The restaurant is open plan is design in design and has approx. 9 covers. The main serving area is open plan also benefits from a bespoke glass fronted chiller display for cakes and brownies.

There is a small kitchen within the rear of the shop for storage along with plumbing for a commercial dish washer. Within the open plan shop are stainless steel under counter storage facilities and coffee machine.

Residential Accommodation
There is no accommodation available.

Tenure
We are advised that the property is held on a 5 year lease which commenced in 2017. The rent, rates and service charge equate to approx. £2,300 per month (correct as advised on 17.06.19). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is an ideal opportunity for a hands on owner to purchase a destination coffee shop which benefits from a regular and passing customer base which is constantly growing through word of mouth and recommendation.

An inspection is highly recommended to fully appreciate the excellent location and overall business opportunity which would ideally suit an experienced hands on owner to maximize profits but to also take the business on to the next level.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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